FINANCE & PERSONNEL COMMITTEE

Regular Meeting

Milwaukee, WI · October 4, 2023

Minutes

City Hall City of Milwaukee 200 East Wells Street Milwaukee, WI 53202 Meeting Minutes FINANCE & PERSONNEL COMMITTEE ALD. MARINA DIMITRIJEVIC, CHAIR Ald. Scott Spiker, Vice-Chair Ald. Milele A. Coggs, Ald. Michael J. Murphy, and Ald. Mark Chambers, Jr. Staff Assistant, Chris Lee, 414-286-2232; Fax: 414-286-3456, clee@milwaukee.gov Legislative Liaison, Tea Norfolk , 414-286-8012, tea.norfolk@milwaukee.gov Wednesday, October 4, 2023 1:00 PM Room 301-B, Third Floor, City Hall 2024 BUDGET HEARINGS This is also a virtual meeting. Those wishing to view the proceedings are able to do so via the City Channel - Channel 25 on Spectrum Cable - or on the Internet at http://city.milwaukee.gov/citychannel. Meeting convened at 1:10 p.m. Present 5 - Dimitrijevic, Spiker, Coggs, Murphy, Chambers Jr. Also present: Aycha Sawa, City Comptroller Nik Kovac, Budget Director Keith Broadnax, LRB Manager Tea Norfolk, LRB Fiscal Planning Specialist 1. 230001 Communication from the Mayor relating to the proposed 2024 budget. Sponsors: THE CHAIR -Municipal Court Appearing: Angelique Pettigrew, Budget Office Sheldyn Himle, Chief Court Administrator Charles Hughes, Deputy Court Administrator Pres. Jose Perez, Common Council/12th Ald. Dist. Ald. Russell Stamper, II, 15th Ald. Dist. Ald. Khalif Rainey, 7th Ald. Dist. Ms. Pettigrew, Chief Court Administrator Himle, and Deputy Court Administrator Hughes gave a Municipal Court presentation on the following: 2024 Budget Summary, Positions & Salaries, Operating & Equipment Expenditures, City of Milwaukee Page 1 FINANCE & PERSONNEL Meeting Minutes October 4, 2023 COMMITTEE Special Funds, Special Purpose Accounts, Revenues, Capital Improvement Budget, Key Performance Measures, 2024 Major Updates from Department, Org Chart, Department Demographics, Service Delivery, Racial & Equity Inclusion Pres. Perez requested for lead code violation case data that has gone through Municipal Court and obtaining a list of the top most egregious offenders. Ald. Dimitrijevic requested a memo from Municipal Court on entertaining the incarceration of repeat offenders for nonpayment of fines, particularly citations related to reckless driving and speeding. Ald. Murphy requested LRB to draft a letter on the alders' behalf for the Municipal Court Chief Judge and the City Attorney to respond to on the legality and most permissible way to address repeat driving offenders and to hold them accountable for their offenses. Ald. Stamper requested demographic data on traffic citations based on location and zip code. Ald. Rainey requested assistance from LRB to ask the Police Department to respond on the tracking of locations (as a datapoint) where traffic citations would occur. -Deferred Compensation Appearing: Nathaniel Haack, Budget Office Beth Conradson-Cleary, Deferred Compensation Executive Director Mr. Haack and Director Conradson-Cleary gave a Deferred Compensation presentation on the following: 2024 Budget Summary, Salaries and Positions, Operating Expenses, Equipment Expenses, Special Funds, Revenues, Key Performance Indicators, Core Services, Major Updates - Department, Common Council Recognition for Plan Sponsor of the Year Award, 2023 Communicator Awards, MDCP Featured in Voya Perspective Paper, MDCP Board Demographics, Racial Equity and Inclusion -Employes’ Retirement System Appearing: Bryan Rynders, Budget Office Jerry Allen, ERS Executive Director Larry Langer, CMC Actuary Melody Johnson, ERS Deputy Director Daniel Gopalan, ERS Eric Sauer, ERS Mr. Rynders, Director Allen, and Mr. Langer gave an Employes' Retirement System presentation on the following: Goals and Objectives, Key Performance Indicators, ERS Organization, 2024 Budget Summary, Salaries and Positions, Operating & Equipment Expenses, Department Demographics, Pension Payments by Annuitant Geographic Area, Org Chart, ERS Summary Information, Fund Value of Assets 2007 - June 30, 2023, Benefit Payments Increaed by 14% from 2018 to 2023, Investment Income is 77% of Revenue from 2018 - 2023, CMERS Investment Performance History Periods Ending June 30, 2023, ERS 20 Year Rolling Average Investment Returns 1978 - 2022, Historical Value Add 1995 - City of Milwaukee Page 2 FINANCE & PERSONNEL Meeting Minutes October 4, 2023 COMMITTEE 2022 CMERS Total Fund, Growth of $1 Since 2000, Annual Returns Peaks and Troughs, Rolling Fund Returns 1979 - 2022, Act 12 Provisions Significantly Impact CMERS, Comparative Summary of Assets and Liabilities for Combined Fund Before and After Act 12, Projected Employer Contributions based on Act 12 and Proposed Recommendations, Projected Employer Contributions to CMERS Combined Fund Eligible to be paid from Act 12 Tax Proceeds, Projected Combined Fund ADEC, Projected Years Until Last Active Employee in CMERS Ald. Coggs requested to see a copy of the pilot agreement with the Wisconsin Center District. A motion was made by ALD. SPIKER that this Communication be HELD TO CALL OF THE CHAIR. This motion PREVAILED by the following vote: Aye 5- Dimitrijevic, Spiker, Coggs, Murphy, and Chambers Jr. No 0 Meeting adjourned at 3:47 p.m. Chris Lee, Staff Assistant Council Records Section City Clerk's Office This meeting can be viewed in its entirety through the City's Legislative Research Center at http://milwaukee.legistar.com/calendar. City of Milwaukee Page 3

Agenda

City Hall City of Milwaukee 200 East Wells Street Milwaukee, WI 53202 Meeting Agenda FINANCE & PERSONNEL COMMITTEE ALD. MARINA DIMITRIJEVIC, CHAIR Ald. Scott Spiker, Vice-Chair Ald. Milele A. Coggs, Ald. Michael J. Murphy, and Ald. Mark Chambers, Jr. Staff Assistant, Chris Lee, 414-286-2232; Fax: 414-286-3456, clee@milwaukee.gov Legislative Liaison, Tea Norfolk , 414-286-8012, tea.norfolk@milwaukee.gov Wednesday, October 4, 2023 1:00 PM Room 301-B, Third Floor, City Hall 2024 BUDGET HEARINGS This is also a virtual meeting. Those wishing to view the proceedings are able to do so via the City Channel - Channel 25 on Spectrum Cable - or on the Internet at http://city.milwaukee.gov/citychannel. 1. 230001 Communication from the Mayor relating to the proposed 2024 budget. Sponsors: THE CHAIR -Municipal Court -Deferred Compensation -Employes’ Retirement System This meeting will be webcast live at www.milwaukee.gov/channel25. NOTA: Para los clientes de cable de Spectrum que deseen ver subtítulos en español, ya están disponibles en el Canal de la Ciudad. En su control remoto de cable Spectrum, presione “MENÚ.” Seleccione “SUBTÍTULOS/CAPTIONS.” Use la flecha hacia abajo hasta “ESTÁNDAR/STANDARD,” luego use la flecha hacia arriba y cambie a “CC3.” City of Milwaukee Page 1 Printed on 10/2/2023 FINANCE & PERSONNEL Meeting Agenda October 4, 2023 COMMITTEE In the event that Common Council members who are not members of this committee attend this meeting, this meeting may also simultaneously constitute a meeting of the Common Council or any of the following committees: Community and Economic Development, Finance and Personnel, Judiciary and Legislation, Licenses, Public Safety and Health, Public Works, Zoning, Neighborhoods & Development, and/or Steering and Rules. Whether a simultaneous meeting is occurring depends on whether the presence of one or more of the Common Council member results in a quorum of the Common Council or any of the above committees, and, if there is a quorum of another committee, whether any agenda items listed above involve matters within that committee’s realm of authority. In the event that a simultaneous meeting is occurring, no action other than information gathering will be taken at the simultaneous meeting. Times for specific agenda items are estimations. If items cannot be heard at their specified times, they will be heard as soon as practicable thereafter. Upon reasonable notice, efforts will be made to accommodate the needs of persons with disabilities through sign language interpreters or auxiliary aids. For assistance contact the Legislative Services ADA Coordinator at 286-2998, (FAX)286-3456, (TDD)286-2025 or by writing to Room 205, City Hall, 200 E. Wells Street, Milwaukee, WI 53202. City Hall and the Zeidler Municipal Building are accessible by "The Hop" City Hall Stations, the MCTS Green Line, Gold Line, 14, 15, 18, 19, 30, 33, and 57 bus routes. Visit https://www.ridemcts.com/ for more information. Bike racks are available on Water Street, Market Street, and Broadway, and a Bublr Bike Share station is located on the northeast corner of Kilbourn Avenue and Water Street. Limited parking for persons attending meetings during normal business hours is available at reduced rates (5 hour limit) at the Milwaukee Center on the southwest corner of Kilbourn Avenue and Water Street. You must present a copy of the meeting notice to the parking cashier. Persons engaged in lobbying as defined in s. 305-43-4 of the Milwaukee Code are required to register with the City Clerk's License Division. Lobbyists appearing before a Common Council committee are required to identify themselves as such. More information is available at http://city.milwaukee.gov/Lobbying. City of Milwaukee Page 2 Printed on 10/2/2023